Portuguese government measures to support startups
The Portuguese government has launched seven measures to support the entrepreneurial community:
StartupRH Covid19: financial support equivalent to the minimum wage per employee (up to a maximum of 10 employees per startup);
Extension of the Startup Voucher: 3-month extension of the previous grant already awarded;
Vale Incubação – COVID19: support for the startups under five years old, through the appointment of incubation services based on a 1,500€ incentive;
"Mezzanine" funding for Startups: a loan convertible into share capital, after 12 months, with a discount rate to avoid promotor dilation. The average investment tickets are between 50.000 euros and 100.000 euros per startup;
Covid-19 - Portugal Ventures: a notice about the launch of Portugal Ventures in startups, with tickets from 50.000 euros;
Fundo 200M: to provide technology startups and scaleups with greater investment capacity in the late seed and Series A and B phases, with a minimum public investment of 500.000 euros and a maximum of 5 million euros;
Co-investment fund for social innovation: to provide social impact startups with much greater investment capacity in seed phases up to Series A, through matching between private operators and FIS (Social Innovation Fund).
Take a closer looker at these measures here.
If you need more information, contact Startup Portugal or the Rede Nacional de Incubadoras (National Network of Incubators).